Cyberlux Corporation (OTC: CYBL) Obtains Removal of “CE” Designation and Gains Pink Current Status
The OTC Markets Informed Cyberlux of the Removal of the CE Designation and the Elevation to Pink Current Status
RESEARCH TRIANGLE PARK, N.C. (October 8, 2024) – Cyberlux Corporation (OTC: CYBL), a leading provider of innovative defense technology systems, is delighted to announce that the OTC Markets Group (OTCM) informed the company that the “caveat emptor” designation has been removed and the company is current in its corporate filing information, gaining the Pink Current Information status.
Cyberlux Corporation CEO Mark Schmidt commented: “Cyberlux, together with its advisers, and with the guidance of the OTCM, has spent the last months revamping and implementing appropriate internal controls, and rigorously reviewing its corporate and financial records. It has reflected this work, among other places, in its annual and quarterly disclosures made through the OTCM, including revisions thereto. Among the benefits to the company and its shareholders of these efforts is today’s lifting of the CE designation and the elevation of the company to Pink Current Information status. This marks a significant milestone for Cyberlux, reaffirming our commitment to transparency, compliance and long-term growth. We want to extend our heartfelt thanks to our shareholders for their unwavering faith and trust in the company during this period. Your support has been instrumental in getting us to this point, and we are now poised to accelerate our strategic initiatives, expand our innovative solutions, and deliver increasing value. With your continued confidence, we look forward to driving Cyberlux toward even greater success in the future.”
In 2023, continuing through today, Cyberlux has applied resources to a wholesale review of its corporate and financial controls, and has adopted policies and procedures to ensure best practices going forward.
About Cyberlux Corporation
Founded in 2000, Cyberlux Corporation (OTC Bulletin Board: CYBL) is a Defense Industry technology solutions company comprised of three primary business units: Unmanned Aircraft Solutions (UAS), Datron Military Communications (DMC), and Global Integration Services (GIS).
Unmanned Aircraft Solutions Business Unit
Cyberlux Unmanned Aircraft Solutions (UAS) is an innovative leader in advanced Group 1, Group 2, and Group 3 ‘vertical takeoff and landing’ (VTOL) drones and fixed wing technology development, manufacturing, and sales. The business unit designs, manufactures, and distributes its products and airframe systems to leading ‘first person viewing’ (FPV) and military UAS pilots on a global basis, with sales to both U.S. government agencies and allied nations through U.S foreign military sales (FMS). Cyberlux UAS offers its customers best-in-class products and comprehensive services to satisfy the requirements of the global UAS military sector. The Cyberlux UAS team is widely recognized as the authority in the industry, offering high performance products with high quality components and superior capability, in support of warfighters worldwide.
Datron Military Communications Business Unit
Datron World Communications (Datron), a subsidiary of Cyberlux, is a global leader in voice and data radio communications, serving government, military, and industrial clients in over 100 countries. Renowned for its high-performance products and comprehensive services, Datron is recognized as the industry’s top-value provider, offering reliable equipment and tailored solutions to meet specific mission needs. Datron has expanded its manufacturing capabilities, producing critical components for UAS drone lines, and providing support for Cyberlux Advanced Lighting Solutions, thereby enhancing supply chain efficiency and product reliability.
Global Integration Services Business Unit
Cyberlux Global Integration Services (GIS) plays a key role in engaging our foreign and domestic customers at ground level, understanding their challenges and providing comprehensive tactical/operational customer solutions. As Cyberlux Corporation’s global solutions action arm, Global Integration Services offers customers subject matter expertise in all aspects of military capabilities. Through this process, Cyberlux GIS develops specific defense technology solutions based on foreign military customer requirements, specializing in all aspects of warfare, across a wide array of missions.
For more information, please visit www.cyberlux.com. For investor information, please contact: ir_cybl@cyberlux.com.
SAFE HARBOR STATEMENT
This Press Release may contain forward-looking statements that can be identified by terminology such as “believes,” “expects,” “potential,” “plans,” “suggests,” “may,” “should,” “could,” “intends,” or similar expressions within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company’s OTC/SEC filings. These risks and uncertainties could cause the company’s actual results to differ materially from those indicated in the forward-looking statements.
For media inquiries, please contact: ir_cybl@cyberlux.com | T: (984) 363-6894